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Iran has warned ships that it intends to run a drill next on Sunday and Monday that would include live firing in the Strait of Hormuz, AP's Gambrell reports

Iran's warning about conducting live-fire drills in the Strait of Hormuz signals potential tensions in a key shipping lane that could affect oil supply.

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Iran has warned ships that it intends to run a drill next on Sunday and Monday that would include live firing in the Strait of Hormuz, AP's Gambrell reports

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  • "A notice to mariners sent by VHF radio from Iran on Thursday warned that it planned to conduct “naval shooting” in the Strait of Hormuz on Sunday and Monday. The Associated Press saw a copy of the message, which was initially reported by the firm EOS Risk Group."
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This could lead to volatility in energy markets as traders price in risks surrounding crude oil shipments and broader geopolitical implications, impacting commodities like WTI and gold alongside currency flows in the affected regions.

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